Machina Capital S.A.S. Sells 10,872 Shares of Everpure, Inc. $P

Machina Capital S.A.S. trimmed its holdings in shares of Everpure, Inc. (NYSE:P) by 79.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,831 shares of the company’s stock after selling 10,872 shares during the quarter. Machina Capital S.A.S.’s holdings in Everpure were worth $370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in P. Provenance Wealth Advisors LLC bought a new position in shares of Everpure in the third quarter worth about $47,000. Fortitude Family Office LLC increased its stake in Everpure by 49.0% in the 3rd quarter. Fortitude Family Office LLC now owns 362 shares of the company’s stock worth $47,000 after buying an additional 119 shares during the period. Continuum Advisory LLC purchased a new position in Everpure in the 2nd quarter worth about $29,000. Reyes Financial Architecture Inc. purchased a new position in Everpure in the 3rd quarter worth about $48,000. Finally, Root Financial Partners LLC bought a new stake in Everpure during the 3rd quarter valued at about $61,000. 83.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Everpure

In related news, insider Ajay Singh sold 42,930 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $124.17, for a total value of $5,330,618.10. Following the completion of the transaction, the insider owned 288,362 shares of the company’s stock, valued at $35,805,909.54. The trade was a 12.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Scott Dietzen sold 60,000 shares of the company’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $141.60, for a total value of $8,496,000.00. Following the sale, the director owned 70,000 shares of the company’s stock, valued at approximately $9,912,000. This represents a 46.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 745,371 shares of company stock valued at $92,333,246 in the last ninety days. Company insiders own 5.10% of the company’s stock.

Trending Headlines about Everpure

Investors following P have been watching these headlines:

• Positive Sentiment: Guggenheim reaffirmed its “buy” rating and $215 price target, while Raymond James raised its target to $144 from $140—both supportive of the bullish outlook. Read More. | Read More.
• Positive Sentiment: A report highlights a major cloud-operator win, potentially strengthening Everpure’s prospects with large hyperscalers. The supplied article excerpt offers limited detail about the deal. Read More.
• Negative Sentiment: UBS raised its price target to $88 from $80 but maintained a “sell” rating, signaling continued caution about valuation or prospects. Read More.

Wall Street Analyst Weigh In

Several research firms have issued reports on P. Wedbush reissued an “outperform” rating and issued a $130.00 price objective on shares of Everpure in a research report on Thursday, September 24th. TD Cowen raised their target price on shares of Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. JPMorgan Chase & Co. lifted their price target on shares of Everpure from $145.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, September 24th. Weiss Ratings upgraded Everpure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. Finally, Barclays boosted their price target on Everpure from $110.00 to $132.00 and gave the company an “equal weight” rating in a report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Everpure presently has an average rating of “Moderate Buy” and an average target price of $149.25.

Everpure Stock Down 2.1%

NYSE:P traded down $2.31 during mid-day trading on Friday, reaching $107.80. The company’s stock had a trading volume of 2,981,912 shares, compared to its average volume of 3,007,480. Everpure, Inc. has a 1 year low of $56.78 and a 1 year high of $157.57. The stock has a fifty day moving average of $121.14 and a 200-day moving average of $96.00. The firm has a market capitalization of $35.92 billion, a PE ratio of 147.66, a price-to-earnings-growth ratio of 3.67 and a beta of 1.43.

Everpure (NYSE:P) last posted its earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The business had revenue of $1.19 billion for the quarter. Everpure’s revenue for the quarter was up 37.7% on a year-over-year basis. On average, analysts expect that Everpure, Inc. will post 0.95 earnings per share for the current year.

About Everpure

Everpure, formerly known as Pure Storage, provides data storage and management technology for businesses and other organizations. Its offerings are designed to support applications, databases, analytics, cloud environments and other data-intensive workloads. The company’s portfolio includes FlashArray systems for block and file storage, FlashBlade systems for unstructured data and high-performance workloads, and Pure1 software for monitoring and managing storage environments. Everpure also offers subscription-based services, including its Evergreen storage model.